Evernorth Holdings closed at $11.70, its lowest level since the merger became effective, before recovering slightly to trade above $12. The stock has fallen 44% from its $21 first-day high on October 9 and 78% from its pre-merger peak of $53. The firm holds approximately 473 million XRP. It has agreed to issue up to 5,218,935 Class A shares for approximately $80 million to support XRP acquisitions and product development in the XRP ecosystem.
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